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Found 146 articles

Indonesian consumer confidence improves in August

Jakarta (ANTARA News) - Indonesia's consumer confidence improved in August from the previous month with fewer respondents downbeat about employment conditions in the next six months, according to the results of a survey by the central bank released on Tuesday.

Esia enters E. Java CDMA market, TelkomFlexi offers special rates

Cellular phone operator PT Bakrie Telecom, through its CDMA brand Esia, has expanded its services to the East Java cities of Surabaya and Malang.Supported by 102 base transceiver stations in the two cities, the company is upbeat about competing with other CDMA operators and more established players...

Foreign direct investment in Indonesia leaps 123% Jan-Aug

Usual bullshit statistics from the investment coordination board (BKPM). January to August indeed. what we really need to see is the impact of the new "negative list" on investment for foreigners, implemented on 3rd July! i wonder why they wont release monthly figures, hmmm?? i guess investment...

Tourism Minister Expresses Doubts that Tourism Targets will be Achieved

With 5 Months Left in the Year, Indonesia Needs 3.43 Million to Hit Targeted 6 Million Foreign Visitors in 2007.(9/7/2007) Following several pronouncements expressing confidence that the target of 6 million foreign visitors to Indonesia would be achieved in 2007, Indonesia's Minister of Culture and...

Freehold Land Title for Foreigners in Bali: Caveat Emptor

Editorial: Amidst Bali's Current Property Boom, Our Quick Primer for Foreigners Wishing to 'Own' Property in Bali.(9/7/2007) Foreigners trying to obtain a freehold title on land in Indonesia should note that current law is abundantly clear on both the intent and letter of the law: namely,...

Garment producers told to understand their market

To improve the country's competitiveness in the global garment industry, a panel of experts has called for Indonesian producers to improve their understanding of the market's needs.The experts were speaking Friday during the launch of the Indonesian Apparel Industry Networking Event, which is part...

Batam hosts regional investment expo

A three-day regional investment promotion expo got underway in Batam on Friday, with all 33 of country's provinces taking part in the hope of piquing the interest of investors."With this event, we expect to facilitate and perhaps open up investment opportunities for investors," Darmawan Djajusman...

Foreign direct investment in Indonesia leaps 123% Jan-Aug

Jakarta (ANTARA News/Asia Pulse) - The value of foreign direct investment in the country skyrocketed 123.16 per cent year-on-year to reach US$11.7 billion in the first eight months of this year.Implementation of foreign investment projects surged 106.8 per cent to US$8.

Golkar offers free love to big business

Despite the looming 2009 elections, Golkar turned the age-old script of how to get business backing on its head Wednesday, putting the begging bowl away and instead using a meeting to ask invited businessmen what the party could do for them.

Foreign firms investing US$37.93 million in N Sulawesi

Manado, N Sulawesi (ANTARA News) - Ten foreign investment projects totaling US$37.93 million are carried out in North Sulawesi province this year, a local official has said."There were 18 foreign investment programs totaling $69.

Immigration office arrests three Malaysians over working permit

"..funny that a champion karate coach could not dispose of 4 podgy malay policemen ..."...yes, but you're talking about an Indonesian karate champion...

Indonesia’s Country Branding Weak due to Inconsistent Leaders

so, there you go. indonesia's problems have nothing to do with rampant corruption, incompetent bureacracy, murderous military, moronic politicians, manpower chaos, etc etc. no, no, no. it's the brand that's the problem!

Indonesia’s Country Branding Weak due to Inconsistent Leaders

TEMPO Interactive, Jakarta: The creation of Country Branding (CB) or positive images about a country from the eyes of the world is crucial in determining its success in global competition. Unfortunately, Indonesia is regarded as failing to create CB due to a lack of the leaders’ consistency.

Royalties on mineral ores may be raised, lawmaker says

The government may raise the royalties on certain mineral ores under the new mining bill, a legislator involved in the deliberation of the bill says.Chairman of the House of Representatives' energy and mineral resources commission, Airlangga Hartarto, said Tuesday that the current royalties on...

Aabar set to spend big in RI

The Middle East's first publicly listed company in the oil and gas sector, Aabar Petroleum Investment Company, plans to invest US$500 million in the next three years on exploration and production work in Indonesia.

Antam, Rusal may build alumina smelter

State-owned miner PT Aneka Tambang (Antam) is set to team up with a Russian mining firm, Rusal, to conduct a feasibility study on the construction of an alumina smelter in Tayan, West Kalimantan, Aneka's senior executive says.

Pricey expressways? Let the train take the strain!

The government finally implemented an average 20 percent toll increase on 13 turnpikes Tuesday. This is consistent with a 2004 regulation that requires toll adjustments to be carried out every two years based on the average inflation rate in the relevant region.

Orangutans squeezed by biofuel boom

Indonesia, conservationists have different views of palm oil plantationsUpdated: 12:49 p.m. ET Sept. 4, 2007TUMBANG KULING, Indonesia - Naingolan shunts the excavator into high gear and tears into a patch of smoldering forest on Borneo island, clearing the way for yet another palm oil plantation...

Bakrie Telecom to sell affordable cell phones

PT Bakrie Telecom, whose cellular business trades under the Esia brand, is to sell handsets at relatively affordable prices, in cooperation with China-based vendor Huawei, so as to help boost the number of its subscribers to 3.6 million by the end of the year.

N Sulawesi expo may win investment agreement Rp2 trillion

Jakarta (ANTARA News) - The North Sulawesi administration has set a target of obtaining investment transactions worth Rp2 trillion from an investment exhibition or North Sulawesi (Sulut) Expo which is being held here from September 1 to 5.

Immigration office arrests three Malaysians over working permit

 Originally Posted By: DilliPerhaps Tit for Tat regarding the number of Indonesians working illegally in Malaysia and something to do with Karate? funny that a champion karate coach could not dispose of 4 podgy malay policemen ...

Immigration office arrests three Malaysians over working permit

Perhaps Tit for Tat regarding the number of Indonesians working illegally in Malaysia and something to do with Karate?

Immigration office arrests three Malaysians over working permit

some real oddities in this story. Quote:Ibrahim said the three had been arrested last Friday when they were about to extend their temporary visa.excuse me, but if they had tourist visas, then (legal) extension is impossible! so what was it; a tourist visa (VoA), or perhaps an extendable...

Immigration office arrests three Malaysians over working permit

BOGOR, West Java (Antara): The Bogor Immigration Office has arrested three Malaysians, identified as The Choong Eng (53), Yap Yuen Loy (43), and Tee Kok Khing (31), for violating immigration permits and other papers, an official said.

Morgan Stanley Prepares Billion Dollar Fund

TEMPO Interactive, Jakarta: Morgan Stanley is preparing US$1.5 billion fund (around Rp10 trillion) for investment in several Asian countries, including Indonesia.According to Morgan Stanley’s Private Equity Managing Director, H.

Oil-rich Riau sets sights on more investors

To attract more investors, the Riau administration will put 25 projects, with a total value of Rp 24 trillion (US$2.53 billion), on the table during the Riau Investment Summit 2007 (RIS) in the provincial capital, Pekanbaru, on Nov. 7-8.

RI enjoys $3.55 B surplus in foreign trade

Jakarta (ANTARA News) - Indonesia saw a surplus of US$3.55 billion in its foreign trade in August with exports rising to US$9.81 billion and imports standing at US$6.26 billion.Cumulatively, the country`s trade surplus in the first seven months of 2007 reached US$23.

European tourist arrivals in Indonesia unaffected by flight ban

Jakarta (ANTARA News) - The ban by the European Aviation Authority for the Indonesian airlines to fly over its airspace does not affect the flow of European tourists arriving in Indonesia, a spokesman said.

Govt to earmark 30 million ha of land for permanent farming

Surabaya (ANTARA News) - The government has set itself the target of earmarking a total of 30 million hectares of land in the country as permanent farmland which cannot be turned into land for other purposes, Agriculture Minister Anton Apriyantono said."To date, Indonesia only has about 7.

Adidas Workers Cannot Seize Company’s Assets

TEMPO Interactive, Jakarta: Manpower and Transmigration Minister Erman Soeparno stated that the workers of PT Tong Yang Indonesia (TYI) Group, which produces Adidas and Reebok shoes, cannot seize the company’s assets for their severance pay.

Indonesia Not Main Market for Cheap Laptop

TEMPO Interactive, Jakarta: Indonesia is not the main market for the cheap laptop produced by Asustek Computer, Taiwan. Asus Indonesia’s spokesperson, Titi Kristiani, said that so far her she has not yet received any information from Taiwan regarding the arrival of the cheap laptop.

Consortium to Clinch Geothermal Project

A consortium of Indonesia's Medco Energi, Itochu of Japan and US contractor Ormat is finalizing details with state-owned companies Pertamina and PLN for the $800 million Sarulla geothermal project in North Sumatra, Upstream reported on Friday (31/8/07).

Bank ANK to Merge with Commonwealth

Bank Arta Niaga Kencana will be merged into the Commonwealth Bank of Australia (CBA) once a planned takeover is completed, the banks said Friday (31/8/07), according to Agence France-Presse.CBA has already purchased ANK stocks held by private shareholders, amounting to 57% of the bank.

Excelcom Targets Revenue Growth Above 20%

Cellular phone operator PT Excelcomindo Pratama expects to maintain its annual revenue growth rate at more than 20% through to 2010, driven by a consistent increase in subscribers, despite an increasingly competitive market, its president director said.

China's ZTE Corp Ties Up with Telkom

China's ZTE Corp, a provider of telecommunications equipment, said in a statement that it has signed an agreement to help expand PT Telkom's CDMA2000 network capacity, XFN-Asia reported. Under the contract, the network expansion will cover the four main cities in the eastern part of Sulawesi.

H1 Tourist Arrivals Up 12.2% Yr-on-Yr

The number of foreign tourists who visited Indonesia in the first half of the year was up 12.2% compared to the same period last year, a Tourism Department official said.Some 2,143,000 foreign tourists visited the country from January to June, compared to 1,909,600 in the same time last year, the...

Lippo Group to Invest $650m in Multimedia

Lippo Group is set to invest $650 million in its multimedia business PT First Media over a period of four years to develop its cable network, a First Media executive said on Thursday (30/8/07), according to Reuters.

Altimo Keen on Indonesia Investment

Altimo, a subsidiary of Russia's Alfa Group, remains keen on its investment plans for Indonesia, a company official said."We will never give up on our plan, including the possibility of buying a mobile telecommunications operator here," Altimo local chief representative Suharto told The Jakarta...

Revised Budget Includes Cooking Oil Subsidy

The House of Representatives on Tuesday (28/8/07) approved the midyear revisions to the 2007 budget, which see a downsizing in anticipated government revenue and spending, a wider deficit, additional funds for bureaucracy reform and a new cooking oil subsidy, reported The Jakarta Post.

Indonesia`s YOY inflation up 6.51 percent in August

Jakarta (ANTARA News) - Indonesia's annual inflation rose nearly half a percentage point in August to 6.51 percent from a month earlier, driven by higher prices for education, food and housing, official data showed Monday.

High export taxes on CPO ineffective: economic observer

Semarang, C Java (ANTARA News) - The government`s policy of imposing progressive export taxes on crude palm oil (CPO) in an effort to keep cooking oil prices under control is not effective because CPO prices in the world market are high due to external factors, an economic observer said here on...

Big potential of E. Nusa Tenggara biofuel plantation attracts Israeli investor

Kupang, East Nusa Tenggara (ANTARA News) - Jatropha curcas linn trees raised in East Nusatenggara have a big potential causing an Israeli investor Merhavv Group to decide to invest US$700 million in the province, an Indonesian entrepreneur said.

Foreign firms sign agreements during N. Sulawesi expo

Jakarta (ANTARA News) - The North Sulawesi administration and South Korean firm IR WindPower Co. Ltd signed a US$9 million agreement to develop wind energy into electric energy in Sangihe and Talaud islands, an official has said.

Singapore faces tough competition in Asian biofuel refining

Singapore (ANTARA News) - Singapore faces tough competition from palm oil giants Malaysia and Indonesia as Asia's biofuel refining hub, according to a study published Saturday.To better compete, the city-state plans to focus on more advanced second generation biofuel technology to producer higher...

PTPN X seeking Rp1.1 trillion in syndicated loans

Jakarta (ANTARA News) - State-owned plantation company PTPN X is exploring the possibility of obtaining a syndicated loan worth Rp1.1 trillion from Bank Mandiri, BRI bank, Bank Mega and BCA bank, PTPN X Financial Director Tendry Supriatno said here on Friday.

Government Asked to Announce CPO Tax Soon

TEMPO Interactive, Jakarta: A number of circles asked the government to announce the scheme of progressive tax for crude palm oil (CPO) and CPO-based products. The uncertainty of the policy plan will distort the international CPO price.